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q explain about discount ratediscount rate - rate at which interest is deducted in advance of the issuance selling purchasing or lending of a
disclaimer of opinion - statement by an auditor indicating inability to express an opinion on the fairness of financial statements provided and
derivatives - financial instruments whose value varies with value of an underlying asset like a stock bond commodity or currency or index like
q what is deposit methoddeposit method - related to sales of real estate under this method seller doesnt recognize any profits doesnt record a note
q what is dependent care expensesdependent care expenses - qualified child care expenses would allow a taxpayer this computed credit against tax
deficiency in operation - this exists when a properly designed control doesnt operate as designed or when person performing the control doesnt
deficiency in design - this exists when a control essential to meet the control objective is missing or an existing control isnt properly designed so
q explain about death benefitdeath benefit - amounts received under a life insurance contract and paid by reason of death of the insured even though
what impact does high inflation have on the value of a businessbesides causing distortion as it unequally affects all goods and services inflation
at times companies accuse investors of performing credit sales that they make their quotations fall is that trueit is true there are companies that
q explain about current valuecurrent value - 1 value of an asset at present time as compared with assets historical cost 2 in finance amount
q what is current assetcurrent asset - asset which one can reasonably expect to convert into cash sell or consume in operations within a single
q what is cost recovery methodcost recovery method - method of revenue recognition that identifies profits after costs are entirely recovered
corporation - form of doing business pursuant to a charter granted by a state or federal government corporations mainly are characterized by the
which of these two methods is better discounting the equity cash flow or discounting the free cash flowthe results we get by discounting the equity
which method should we use to valuate young companies with high growth but uncertain futures two examples were boston chicken and telepizza when they
q define the constructive receiptconstructive receipt - a taxpayer is considered to have received income even though monies are not in hand it may
consistency - accounting postulate that stipulates except as otherwise noted in financial statement same accounting procedures and policies have been
is it possible to use a constant wacc in the valuation of a company with a changing debttheoretically the wacc can only be constant if a constant
q is conservatism an investment strategyconservatism - an investment strategy aimed at long-term capital appreciation with low risk moderate cautious
q explain what is comprehensive incomecomprehensive income - change in equity of a business enterprise during a period from transactions and other
q describe about comfort lettercomfort letter - letter provided by a companys independent public accountant to an underwriter when underwriter has a
q what do you mean by collateralized mortgage obligationcollateralized mortgage obligation cmo - security whose cash flows equal the difference
clean opinion - audit opinion not qualified for any material scope restrictions nor departures from generally accepted accounting principles gaap
claim for refund - a refund isnt automatically mailed if one is due a taxpayer whether individual orbusiness should file a request on a form it